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Bangko Sentral names deputy governor for newly-formed payments sector

Mamerto Tangonan is the Bangko Sentral s new deputy governor Metro Manila (CNN Philippines, February 23) –– An e-payments industry practitioner has been appointed as a deputy governor in the Bangko Sentral ng Pilipinas. Mamerto Tangonan, a central bank outsider, is the fourth deputy governor of BSP Governor Benjamin Diokno. He will head the newly formed Payments and Currency Management Sector. Some units previously part of the Financial Services Sector, which oversees banks and other financial firms, will be transferred under Tangonan s watch. This includes the Payment System Oversight Department mainly in charge of the InstaPay and PESONet clearing houses for digital fund transfers, according to BSP Deputy Governor Chuchi Fonacier. 

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